Uncertainties around price volatility and regulations of crypto have done a little crippling to the belief in blockchain innovations. Then along comes DigiToads (TOADS) a new game-changing meme project with the potential of transforming Web-3 gaming and NFT staking. The project is already proving to be a big success in presale as established projects like Polkadot (DOT) remain under pressure.
DigiToads Growing in Strength in Presale
DigiToads might be new in the burgeoning sector, but its rapidly growing market value is already leaving a mark. With over $3 million raised so far and counting in their presale. The project is already proving to be a great success, given the strong interest from institutional investors.
Built on the Ethereum blockchain, DigiToads is a full utility meme project that has set out to impact different aspects of people’s lives. The increased interest in the project has to do with the multiple passive income-generating opportunities the project offers, going above the hype that most meme coins are known for.
The meme coin project has hit the ground running with a thrilling Web-3 game that allows players to earn some TOADS tokens while playing the game. The idea is to acquire and nurture DigiToads in a swamp arena. Players can make their avatars or DigiToads the largest and strongest in the game by purchasing food and training equipment.
In return, players with the strongest and largest DigiToads at the end of each gaming season are to be rewarded in TOADS, the network’s native token. DigiToad has already set 50% of all profits generated from the sale of in-game items to be used in rewarding players.
In the DigiToads ecosystem, there is also a unique NFT staking platform allowing users to earn some passive income. By simply staking non-fungible tokens in the platform, holders are to generate some income from the 2% of every TOADS transaction added to the pool.
In addition, DigiToads runs monthly trading competitions, offering yet another opportunity for people to earn. People who participate in trading activities and end up with the highest trading volume are to earn Platinum Toads with unique features and perks such as accessing the TOADS treasury.
TOADS is the deflationary token powering the network currently in the fifth stage of its presale. With over 87% of TOADS tokens sold, more than $3 million has already been raised, affirming the strong demand for the unique meme coin with proven utility.
Polkadot Soaring Selling Pressure
On the other hand, Polkadot has been on a free fall ever since its native DOT token peaked at about $7.8 a coin at the start of the year. The token is flirting with a key support level near the $5.30 level amid renewed selling pressure. The sell-off does not come as a surprise, as Polkadot operates in a highly crowded sector of the blockchain space.
It faces stiff competition in its bid to enhance blockchain interoperability. Since its inception, Polkadot has sought to enhance the interconnection of different blockchains so that they communicate and share information.
Polkadot faces stiff competition in its bid to become the preferred platform for enhancing interoperability from Cosmos, Chainlink, and Hybrid, which also offer similar functionalities. With valuations a big consideration in the sector, it is not surprising that people are increasingly shifting towards new projects with cheap valuations like DigiToads.
Bottom Line
DigiToads is on course to become one of the largest cryptocurrencies owing to its proven utility around Web 3 gaming, trading, and NFT staking. With over $3 million worth of tokens already sold, there is still room for people to get involved in the project in the early stages of development and stand a chance to enjoy significant price appreciation.
There is no doubt that DigiToad will exceed expectations, especially on listing on a major exchange, given the tremendous growth and success in presale. Additionally, its cheap valuation makes it an ideal play on the risk-reward front compared to Polkadot, as it has more room for growth backed by solid fundamentals.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
